Homework on Ethereum Intro

Ethereum 101
#2529

What was Web 1.0? Static websites showing text, links and images.
What is a smart contract? Small pieces of code that can hold moneyer assets and program that money or asset to do what ever we want with it.
How is transparency achieved with ethereum code? Because everyone can see what is happening on the blockchain network.

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#2530
  1. Web1.0 was the first stage of the internet. Just images, linked, and images.
  2. A smart contract is a function that executes given certain conditions. These are agreed upon beforehand, validated, and then unstoppable when conditions are met.
  3. Transparency is achieved by proof of work and consensus of the network. This makes it so that anyone can validate the transactions.
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#2531

  1. Web 1.0 is the old version of websites that where not dynamic at all. You just found some informationtext, images and it was possible to click links. The features of websites today, like chat, social media, videoplayers … where not available.

  2. A smart contract is a programated contract that excecutes only under specified circumstances. The pros of a smart contract are its transparency and that you cant modify, change or manipulate it. It allows you be sure that your conditions are fulfilled and you can also verify that without the need of trust the other partie.

  3. Transpericy is archieved with the code visible on the Blockchain that is open for everyone to check.

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#2532

  1. What was Web 1.0?
    Web 1.0 is just some static web pages which are easy and simple html, css, or some images.

  2. What is a smart contract?
    smart contract is written by solidity and recorded on the ethereum blockchain. It is immutably recorded on the blockchain and has full transparency. It means that it can be seen by anyone anytime in the world.

  3. How is transparency achieved with ethereum code?
    As said above the transparency is absolute and not changeable at all. when it is written into the blockchain it is done.

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#2533

1. Web 1.0 was the first edition of the internet where most of the contents were static such as text and images and that was the only way to share information and knowledge.

2. smart contracts are coded to do a certain functions. smart contracts receives inputs and only release the outputs when the criteria are met which were hardly coded into its code. combinations of smart contracts form dapps aka decentralized applications.

3. Ethereum introduced the use of smart contracts that will be decentralized and none has the sole authority to change it was it was launched into the ethereum blockchain which will ultimately remove the middle man and trust. so using smart contracts will implement a trustless and more transparent system.

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#2534

  1. it is the first version of the web that we know of.
    Was static and there was no interaction

  2. Smart Contract is a transaction that you code using Solidity. The transaction occur when all the criteria is meet. That make the transaction transparent, with no middle man and it is trustless

  3. Evrybody can go look at the etherium blockchain

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#2535
  1. What was Web 1.0?

Web 1.0 consisted of static websites with the possibility to put text, pictures and maybe links. No dynmaic movements on websites like chats were able.

  1. What is a smart contract?

A smart contract is a small code which allows to precisely tell what is going to happen with an asset or money. It opened the space of “programmable assets & money” and is of course still transparent and decentralized.
For example it is possible to prgramm a “if-then” transaction in which certain conditions must be met in order to carry out the transaction.

  1. How is transparency achieved with ethereum code?

Transactions can be exactly tracked back.
Also by the fact that smart contracts still run on a decentralized blockchain they can’t be changed afterwords.

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#2536
  1. What was Web 1.0?
    De first static HTML only websites, no interaction, justs text, images and hyperlinks.
  2. What is a smart contract?
    A set of rules that execute on crypto money
  3. How is transparency achieved with ethereum code?
    Code of each smart contract cannot be changed (fixed on blockchain) and can be inspected.
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#2537
  1. The first web, without javascript, only static webs.
  2. A piece of code that execute a condition and only if this condition is confirmed the money is spent.
  3. Removing all the intermediates, no more trust only verify and math.

I fall in love imagining this contracts applying in my corrupt country. Go Eth!

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#2538
  1. Web 1.0 was basically a very simple version of the internet where you could only read and print information.
  2. A smart contract is an electronic contract on the Ethereum blockchain that has pre-programmed conditions.
  3. The code is decentralised and therefore visible to all who want to see it.
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#2539
  1. That’s the initial static web that cannot interact with users.
  2. This is a programmed contract on blockchain such as ethereum whereby when deployed functions per terms of the contract once certain conditions are met.
  3. Ethereum code achieves transparency because of deployment of the smart contract which is a trustless protocol that cannot be changed which ensures terms of an agreement are upheld once certain conditions are met.
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#2540

  1. What was Web 1.0?
    Static internet. Communicate with text and images.

  2. What is a smart contract?
    Small pieces of code to program money.

  3. How is transparency achieved with ethereum code?
    Every transaction is visible on the blockchain. No trust in other parties involved, you can simply verify.

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#2541
  1. What was Web 1.0?
  • Its the first version of the internet , where you can only share basic information like pics , text
  1. What is a smart contract?
  • SC is a small pieces of code that run on the etherium blockchain . So we have small pieces of codes that can hold money , we can program exactly what they gonna do with money . The SC are unstoppable , cant be shutted down . If you gave this Smart contract some money and you haven’t code what it will do with the money there is no way to get the money back.
  1. How is transparency achieved with ethereum code?
  • Because all transactions are visible on the blockchain, everyone can see what is happening , who is receiving and is sending money .
#2542

  1. Web 1.0 was static non-programmable pages

  2. A smart contract is program code deployed to the Etherium network that decides what to do with money

  3. Transparency is achieved with ethereum code, because the Smart Contracts are publicly visible to all users of the Etherium blockchain, and immutable

#2543

What was Web 1.0?

  1. A static platform with very limited functionality. Could write and read information
  2. a small piece of code which on the platform, enacts actions, or a sequence of actions, which are irreversible and unchangeable.
  3. all information on this verifiable, from anywhere. The transparency element of the code is akin to bitcoin and other block chains, in that decentralisation means all nodes, everywhere, share same information and especially to ethereum all sequences of actions are deployed in the same way in every vicinity, so no on can control access to anything. Information is immutable, so it cannot be deleted.
#2544

Answers to “Ethereum Intro” Questions:

  1. A network serving static pages. There was no real interaction between the user and the website (like chatiing, posting comments)

  2. A piece of code that runs on the Ethereum blockchain.

  3. Everyone can see the smart contract code. So it is fully transparent where the money goes to and what the restrictions are.

#2545

  1. it’s the first web, that was static, with text and pictures only

  2. smart contract is a piece of code on the ETH blockchain

  3. everyone can see the code and see who receives money, etc.

#2546

  1. Web 1.0 is the internet with static websites.

  2. A SC is a programmed function that will exec when certain conditions are met.

  3. Transparency is achieved with the BC being open source and is public to everyone.

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#2547
  1. Web 1.0 was the beginning of the internet when it was very basic - just static images, text and links
  2. A smart contract is one that is trustless & transparent via the blockchain. For example, if I want my child to inherit my Ethereum I could write it in a smart contract so that when I pass it automatically processes
  3. Transparency is achieved as anyone can go in and see the code but nobody can go in and change the code. This gives it an enormous amount of integrity and trust
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#2548

  1. Web 1.0 was a very static internet. It was expensive and slow to use. You couldn’t program anything on it.

  2. Small pieces of code or programs that runs on the ethereum network. They are unstoppable, completely transparent and trustless. It can receive and send money. But most importantly decide what to do with money they hold.

  3. Because all Smart contracts are stored on the blockchain. Which is a public ledger that is immutable.

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